CCYD(SH:600148)2017-04-20 16:00Financial Performance - Operating revenue rose by 78.41% to CNY 199,768,637.40 year-on-year[6] - Net profit attributable to shareholders increased significantly by 6,546.41% to CNY 10,975,401.01 compared to the same period last year[6] - Basic and diluted earnings per share reached CNY 0.078, a 7,700% increase from CNY 0.001 in the previous year[6] - Net profit for Q1 2017 was ¥17,464,974.22, compared to ¥2,997,064.08 in Q1 2016, indicating a year-over-year growth of approximately 482%[25] - The total comprehensive income attributable to the parent company was CNY 10,975,401.01, up from CNY 165,132.81 in the prior year[26] - The company reported a total profit of CNY 2,894,552.36 for Q1 2017, compared to a total loss of CNY 1,602,244.93 in the same period last year[28] Assets and Liabilities - Total assets increased by 6.01% to CNY 1,009,644,290.96 compared to the end of the previous year[6] - The company's total liabilities increased to ¥549,873,749.99 from ¥510,765,663.24, reflecting a growth of about 7.1%[19] - Total assets as of March 31, 2017, amounted to ¥625,956,644.01, up from ¥608,410,525.49 at the beginning of the year, marking an increase of approximately 2.4%[23] - The company's total equity increased to ¥459,770,540.97 from ¥441,605,584.76, showing a growth of approximately 4.1%[19] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 26,991,266.84, compared to a net inflow of CNY 5,452,118.62 in the same period last year[6] - The net cash flow from operating activities was negative CNY 26,991,266.84, a decline from a positive cash flow of CNY 5,452,118.62 in Q1 2016[33] - Cash and cash equivalents at the end of Q1 2017 were CNY 46,090,839.61, down from CNY 90,237,084.43 at the end of the previous year[34] - The ending balance of cash and cash equivalents decreased to $19,180,787.89 from $48,027,920.02, indicating a significant reduction in liquidity[36] Shareholder Information - The total number of shareholders reached 36,344 by the end of the reporting period[11] - The top two shareholders, Jilin Dongguang Group Co., Ltd. and China FAW Group Co., Ltd., hold 32.07% and 23.51% of shares respectively[11] Operating Costs and Expenses - Operating costs increased by CNY 60,425,543.25, a growth of 76.77%, attributed to the rise in revenue[13] - Sales expenses increased by CNY 6,707,742.08, a growth of 63.42%, due to higher sales revenue and related service fees[14] - Income tax expenses increased by CNY 1,567,111.73, a growth of 125.30%, resulting from increased revenue and profit[14] - The company incurred sales expenses of CNY 7,467,744.31, which increased from CNY 6,464,664.35 in the same period last year[28] - The total operating costs for Q1 2017 were CNY 62,534,123.81, compared to CNY 41,783,353.95 in Q1 2016, reflecting a 49.6% increase[28] Other Financial Metrics - The weighted average return on equity improved by 2.82 percentage points to 2.87%[6] - Non-recurring gains and losses included government subsidies amounting to CNY 14,765.52[10] - Other receivables increased by CNY 4,436,960.92, a growth of 100.41%, mainly due to unverified social insurance fees[13] - Prepaid accounts increased by CNY 3,199,955.27, a growth of 55.86%, mainly due to increased advance payments for equipment[12] - Taxes payable increased by CNY 3,231,235.11, a growth of 51.63%, primarily due to an increase in corporate income tax payable[13]